Irish bond yields drop sharply on ESM news
UPDATE: Irish bond yields dropped sharply as markets welcomed a German court ruling that cleared the way for the European Stability Mechanism to be established soon.
Irish bond yields dropped today as markets welcomed a German court ruling that cleared the way for the European Stability Mechanism (ESM) to be established soon.
The benchmark nine-year Irish bond yield fell 18 basis points to 5.42 per cent.
Portuguese debt yields also fell and Spanish ten-year yields fell ten basis points to 5.59 per cent.
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